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When the lenders stabilize their own companies they will be back in the inventory lending business, and these same, good cash flow-producing distributors will be top prospects. In the meantime, even great distributors look like bad credit risks to bankers who need to put their glasses back on.
Profit for the Swiss fasteners distributors fell 70% in a year-over-year-comparison.
Wholesale sales rose for the first time in nine months in June, mainly due to increases in the automotive products and food, beverages and tobacco products sectors.